{"id":14498,"date":"2022-11-15T05:06:44","date_gmt":"2022-11-15T05:06:44","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/visa-terminates-agreements-with-bankrupt-crypto-exchange-ftx-news-bitcoin-news\/"},"modified":"2022-11-15T05:06:44","modified_gmt":"2022-11-15T05:06:44","slug":"visa-terminates-agreements-with-bankrupt-crypto-exchange-ftx-news-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/visa-terminates-agreements-with-bankrupt-crypto-exchange-ftx-news-bitcoin-news\/","title":{"rendered":"Visa Terminates Agreements With Bankrupt Crypto Exchange FTX \u2013 News Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div id=\"\">\n<header class=\"article__header\">\n<\/header>\n<div class=\"featured_image_container\">\n<\/div>\n<p><strong>Visa has reportedly terminated its global agreements with collapsed cryptocurrency exchange FTX and its U.S. arm, FTX US. The payments giant added that FTX\u2019s \u201cU.S. debit card program is being wound down by their issuer.\u201d<\/strong><\/p>\n<h2>Visa Ends Agreements With FTX<\/h2>\n<p>Visa Inc., the world\u2019s leading payments processor, reportedly said Sunday that it has ended global agreements with bankrupt crypto exchange FTX. A Visa spokesperson told Reuters:<\/p>\n<blockquote>\n<p>We have terminated our global agreements with FTX and their U.S. debit card program is being wound down by their issuer.<\/p>\n<\/blockquote>\n<p>\u201cThe situation with FTX is unfortunate and we are monitoring developments closely,\u201d the representative added.<\/p>\n<p>Visa and the companies behind FTX.com and FTX US announced \u201ca long-term global partnership\u201d in early October. \u201cAs a part of the alliance, FTX will begin by offering FTX-branded Visa debit cards to FTX customers internationally,\u201d the announcement detailed, adding that while the debit cards are currently only available in the U.S., they \u201care now being rolled out globally in over 40 additional countries.\u201d<\/p>\n<p>FTX filed for Chapter 11 <a href=\"https:\/\/news.bitcoin.com\/troubled-crypto-exchange-ftx-files-for-chapter-11-bankruptcy-protection-ceo-steps-down\/\">bankruptcy<\/a> on Friday and Sam Bankman-Fried stepped down as the CEO after Binance decided <a href=\"https:\/\/news.bitcoin.com\/binance-backs-out-of-ftx-deal-citing-due-diligence-reports-of-mishandled-customer-funds\/\">not to proceed<\/a> with the acquisition of the firm.<\/p>\n<p>The exchange is reportedly being <a href=\"https:\/\/news.bitcoin.com\/sec-doj-investigate-ftx-regulators-suspect-crypto-exchange-mishandles-customer-funds\/\">investigated<\/a> by the U.S. Department of Justice (DOJ), the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC) for allegedly mishandling client funds.<\/p>\n<p><em><strong>What do you think about Visa terminating agreements with the embattled crypto exchange FTX? Let us know in the comments section below.<\/strong><\/em><\/p>\n<div class=\"article__body__author\">\n<div class=\"article__body__author__avatar\">\n<img src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2016\/12\/Kevin-200x200-closeup-150x150.png\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2016\/12\/Kevin-200x200-closeup-150x150.png 1x, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2016\/12\/Kevin-200x200-closeup.png 2x\" class=\"avatar avatar-150 photo\"\/><\/div>\n<div class=\"article__body__author__info\">\n<h6 class=\"article__body__author__info__name\">\nKevin Helms <\/h6>\n<p class=\"article__body__author__info__about\">\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.<br \/><span class=\"td-social-icon-wrap\"><br \/>\n<a target=\"_blank\" href=\"https:\/\/news.bitcoin.com\/visa-terminates-agreements-with-bankrupt-crypto-exchange-ftx\/mailto:kevin@bitcoin.com\" title=\"Mail\" rel=\"noopener\"><br \/>\n<i class=\"td-icon-font td-icon-mail-1\"\/><br \/>\n<\/a><br \/>\n<\/span>\n<\/p>\n<\/div>\n<\/div>\n<p class=\"images_credits\"><em><b>Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n<div class=\"disclaimer\">\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. <a href=\"https:\/\/bitcoin.com\">Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n<div class=\"bottom_article_widgets\">\n<aside id=\"bn_widget_spacing-18\" class=\"td_block_template_1 widget widget_bn_widget_spacing\"\/>\n<aside id=\"custom_html-21\" class=\"widget_text td_block_template_1 widget widget_custom_html\">\n<h4 class=\"block-title\"><span>More Popular News<\/span><\/h4>\n<\/aside>\n<aside id=\"bn_widget_spacing-19\" class=\"td_block_template_1 widget widget_bn_widget_spacing\"\/>\n<aside id=\"custom_html-46\" class=\"widget_text td_block_template_1 widget widget_custom_html\"\/>\n<aside id=\"bn_widget_spacing-20\" class=\"td_block_template_1 widget widget_bn_widget_spacing\"\/>\n<aside id=\"custom_html-30\" class=\"widget_text td_block_template_1 widget widget_custom_html\">\n<h4 class=\"block-title\"><span>In Case You Missed It<\/span><\/h4>\n<\/aside>\n<\/div>\n<\/div>\n<p><script>(function(d, s, id) {\n        var js, fjs = d.getElementsByTagName(s)[0];\n        if (d.getElementById(id)) return;\n        js = d.createElement(s); js.id = id;\n        js.src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&version=v3.2\";\n        fjs.parentNode.insertBefore(js, fjs);\n    }(document, 'script', 'facebook-jssdk'));<\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/visa-terminates-agreements-with-bankrupt-crypto-exchange-ftx\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Visa has reportedly terminated its global agreements with collapsed cryptocurrency exchange FTX and its U.S. arm, FTX US. The payments giant added that FTX\u2019s \u201cU.S. debit card program is being wound down by their issuer.\u201d Visa Ends Agreements With FTX Visa Inc., the world\u2019s leading payments processor, reportedly [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":14499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/14498"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=14498"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/14498\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/14499"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=14498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=14498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=14498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}